25 Jul 2019
Markets for You
Global Indices
Global Indices 24-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,327 1,319 8 0.62
Nasdaq 8,322 8,251 70 0.85
FTSE 7,501 7,557 -55 -0.73
Nikkei 21,710 21,621 89 0.41
Hang Seng 28,524 28,466 58 0.20
Indian Indices 24-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,848 37,983 -135 -0.36
Nifty 50 11,271 11,331 -60 -0.53
Nifty 100 11,360 11,437 -76 -0.67
Nifty 500 9,160 9,234 -73 -0.79
Nifty Bank 28,952 29,128 -176 -0.60
S&P BSE Power 2,004 2,030 -26 -1.26
S&P BSE Small Cap 13,044 13,206 -163 -1.23
S&P BSE HC 12,636 12,780 -144 -1.13
Date P/E Div. Yield P/E Div. Yield
24-Jul 27.16 1.24 27.62 1.32
Month Ago 28.22 1.20 28.93 1.25
Year Ago 23.10 1.20 27.66 1.20
Nifty 50 Top 3 Gainers
Company 24-Jul Prev_Day
% Change
#
Zee Ente. 380 361 5.21
Asian Paints 1483 1429 3.78
HDFC Ltd. 2184 2139 2.14
Nifty 50 Top 3 Losers Domestic News
Company 24-Jul Prev_Day
% Change
#
Adani Ports & SEZ 381 400 -4.74
Indiabulls HFC 612 641 -4.50
United Phos 617 645 -4.36
Advance Decline Ratio
BSE NSE
Advances 807 566
Declines 1642 1260
Unchanged 160 101
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 65176
MF Flows** 15727
*24
th
Jul 2019; **23
rd
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.18%
(Jun-19)
4.92%
(Jun-18)
IIP
3.10%
(May-19)
3.80%
(May-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
25 July 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
0.20%
(Feb-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
1679
-2746
2.86%
(Mar-19)
• Indian equity markets fell for the fifth straight session after the
International Monetary Fund (IMF) reduced its growth estimate for the
Indian economy. IMF cut 30 basis points from its earlier growth estimates
for FY20 and FY21. The IMF downgrade has come on top of the foreign
fund outflow and a weak set of earnings seen in the past couple of days.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.36% and
0.53% to close at 37,847.65 and 11,271.30, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.48% and 1.23%, respectively.
• The overall market breadth on BSE was weak with 807 scrips advancing
and 1,642 scrips declining. A total of 160 scrips remained unchanged.
• On the BSE sectoral front, only S&P BSE FMCG gained, up 0.17%. S&P
BSE Metal was the major loser, down 2.48%, followed by S&P BSE Auto
and S&P BSE Basic Materials, down 1.98% and 1.91%, respectively. S&P
BSE Oil & Gas lost 1.67%, followed by S&P BSE Industrials and S&P BSE
Capital Goods, down 1.61% and 1.53%, respectively.
• The Cabinet endorsed formal amendments to the Aadhaar and Other
Laws (Amendment) Bill 2019, enhancing Aadhar in India. It offered a fillip
to India's sugarcane farming industry. The Act offers, subject to
authentication, for the use of Aadhaar number as evidence of a person's
identity. The Bill replaces the provision that, by authentication or offline
verification, a person may willingly use his Aadhaar number to create his
identity. The Bill also says that authentication of an individual's identity
through Aadhaar may be made compulsory only by Parliament's law for
the provision of any service.
• According to the Economic Advisory Council to the Prime Minister (EAC-
PM), growth in R&D spending should be proportional with the growth of
the economy and should be aimed to reach at least 2% of GDP by 2022. In
a study entitled ' R&D Expenditure Ecosystem, ' the EAC-PM stated that
the Centre's line ministries could be required to allocate a certain
proportion of their research and innovation budget to the development
and deployment of technologies according to their respective ministries '
priorities.
• According to media reports, the government is considering raising $10
billion in one go from its first foreign bond sale as soon as by Oct 2019.
According to a study of international and local investors, the issuance of
sovereign notes by India could garner price at a yield premium of
approximately 90 basis points to 130 points over U.S. Treasuries. This is
consistent with sales by nations with comparable credit ratings like
Indonesia. A debut offering's novelty can also sustain India's debt
demand, say analysts, the report pointed.
• The Digital Communications Commission (DCC), the Department of
Telecommunications ' highest decision-making authority, has met to
deliberate suggestions from the Telecom Regulatory Authority of India to
conduct upcoming auctions, which will be the first for 5G airwaves.
• Asian equity markets were mostly up with new optimism about U.S.-
China trade talks and a batch of stronger than expected U.S. earnings.
Investors awaited European Central Bank and U.S. Federal Reserve
decisions to see how much policymakers can ease policy and how quickly.
Today (as of Jul 25), Asian markets opened mixed in spite of record gains
on the Wall Street overnight. However, both Nikkei and Hang Seng were
trading up 0.34% and 0.02%, respectively (as at 8.a.m. IST).
• Majority of the U.S. markets touched all-time highs on the back of gains
in chip stocks as investors shrugged off regulatory concerns around the
tech sector.
• Majority of the European markets fell following weak cues from
disappointing economic data emanating out of France and Germany.
Investors also awaited the European Central Bank’s policy meet,
scheduled on Jul 25, 2019. Expectations are that the central bank may cut
rates.
Markets for You
FII Derivative Trade Statistics 24-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 9265.19 9864.30 21718.93
Index Options 227320.97 228267.45 47433.77
Stock Futures 36810.03 37103.87 88903.01
Stock Options 5258.63 5276.06 4191.64
Total 278654.82 280511.68 162247.35
24-Jul Prev_Day
Change
Put Call Ratio (OI) 0.96 1.06 -0.10
Indian Debt Market
Put Call Ratio(Vol) 0.83 0.84 -0.02
24-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.58% 5.56% 5.77% 6.27%
T-Repo 5.49% 5.51% 5.52% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.70% 5.74% 5.85% 6.63%
364 Day T-Bill 5.95% 5.98% 6.06% 7.21%
10 Year Gilt 6.44% 6.34% 6.85% 7.78%
G-Sec Vol. (Rs.Cr) 37098 99211 80775 25975
Currency Market Update
FBIL MIBOR* 5.75% 5.70% 5.90% 6.31%
3 Month CP Rate 6.30% 6.30% 6.95% 7.80%
5 Year Corp Bond 7.71% 7.70% 8.04% 8.72%
1 Month CD Rate 5.86% 5.98% 6.06% 6.64%
3 Month CD Rate 6.28% 6.52% 6.31% 7.04%
1 Year CD Rate 6.93% 6.79% 7.16% 7.97%
Commodity Market Update
Currency 24-Jul Prev_Day
Change
USD/INR 69.01 68.99 0.02
GBP/INR 85.89 85.93 -0.05
EURO/INR 76.96 77.21 -0.24
International News
JPY/INR 0.64 0.64 0.00
Commodity 24-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.87 56.47 57.68 70.02
Brent Crude($/bl) 64.02 63.81 66.60 74.17
Gold( $/oz) 1426 1427 1419 1224
Gold(Rs./10 gm) 34897 34428 34041 29897
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jul 2019 Futures stood at 11,277.80, a premium of 6.50 points,
above the spot closing of 11,271.30. The turnover on NSE’s Futures and
Options segment rose to Rs. 15,69,829.93 crore on Jul 24, 2019,
compared with Rs. 12,25,915.78 crore on Jul 23, 2019.
• The Put-Call ratio stood at 0.86 compared with the previous session’s
close of 0.84.
• The Nifty Put-Call ratio stood at 0.96 compared with the previous
session’s close of 1.06.
• Open interest on Nifty Futures stood at 21.91 million, compared with
the previous session’s close of 21.34 million.
• Bond yield eased after market participants resorted to buying notes to
take advantage of the recent slump in bond prices. The market is now
waiting for Monetary Policy Committee’s meeting in Aug 2019 where the
policy makers are expected to trim policy rates.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 2 bps
at 6.44% compared with the previous close of 6.46% after trading in a
range of 6.42% to 6.48%.
• Banks borrowings under the repo window of the LAF stood at Rs. 3,564
crore (gross) on Jul 24, 2019 compared with Rs. 3,604 crore (gross)
borrowed on Jul 23, 2019. Sale of securities under RBI's reverse repo
window stood at Rs. 22,977 crore on Jul 23, 2019.
• Banks borrowed Rs. 50 crore under the central bank’s Marginal
Standing Facility on Jul 23, 2019 compared with borrowings of Rs. 1,800
crore on Jul 22, 2019.
• The Indian rupee weakened against the greenback following weakness
in domestic equity markets. However, sales of greenback by foreign
banks restricted the losses. The rupee closed at 68.98 a dollar compared
with the previous close 68.94.
• The euro fell against the dollar on preliminary reports showing
eurozone’s weak purchasing managers' index data and U.S.’ weak
manufacturing data for Jul 2019. The euro closed at 1.1139 compared
with the previous close of 1.1151.
• Gold prices gained following preliminary reports of U.S.’ weak
manufacturing PMI data.
• Brent crude prices grew following reports from U.S. Energy Information
Administration that U.S. crude stockpiles fell by 10.84 million barrels in
the week ended Jul 19, 2019.
• IHS Markit data showed euro area private sector expansion weakened
in Jul 2019. The flash composite output index fell to 51.5 in Jul from 52.2
in Jun 2019. The reading was also below forecast.
• Data from the European Central Bank showed euro zone's broad
money supply growth slowed more than expected in Jun 2019, while
private sector lending rose unexpectedly at a faster pace. M3, a broad
money aggregate, rose 4.5% YoY after a 4.8% increase in May 2019.
• Cabinet Office data showed Japan's leading index that measures the
future economic activity, fell to 94.9 in May 2019 from 95.9 in Apr 2019.
Markets for You
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